Truist Financial Corp Cuts Position in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Truist Financial Corp has reduced its stake in Booz Allen Hamilton by 7.8%, now holding approximately 0.31% of the company valued at $40.15 million after selling 32,571 shares.
• Despite a recent quarterly earnings report showcasing a slight revenue decline, Booz Allen Hamilton beat earnings estimates with $1.48 per share, and analysts have set new price targets ranging from $119 to $134.
• The company declared a quarterly dividend of $0.55 per share, resulting in an annualized dividend of $2.20 and a yield of 2.1%, with a payout ratio of 27.03%.

Truist Financial Corp lowered its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 385,553 shares of the business services provider's stock after selling 32,571 shares during the period. Truist Financial Corp owned about 0.31% of Booz Allen Hamilton worth $40,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BAH. Brooklyn Investment Group increased its stake in Booz Allen Hamilton by 102.8% in the 1st quarter. Brooklyn Investment Group now owns 294 shares of the business services provider's stock valued at $31,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Booz Allen Hamilton by 627.3% in the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after buying an additional 276 shares in the last quarter. CX Institutional acquired a new position in shares of Booz Allen Hamilton during the 1st quarter worth $33,000. NBC Securities Inc. purchased a new stake in shares of Booz Allen Hamilton in the 1st quarter worth about $35,000. Finally, WPG Advisers LLC acquired a new stake in Booz Allen Hamilton in the 1st quarter valued at about $35,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $102.97 on Friday. Booz Allen Hamilton Holding Corporation has a 1 year low of $96.96 and a 1 year high of $190.59. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a 50 day moving average price of $106.09 and a 200 day moving average price of $109.09. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.62 and a beta of 0.42.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. Booz Allen Hamilton's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business earned $1.38 EPS. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. Sell-side analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.1%. Booz Allen Hamilton's payout ratio is presently 27.03%.

Analysts Set New Price Targets

Several analysts have issued reports on BAH shares. Stifel Nicolaus upped their price target on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a report on Monday, July 28th. UBS Group set a $119.00 target price on Booz Allen Hamilton and gave the company a "neutral" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. raised their price target on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a research report on Monday, July 28th. Finally, William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and a consensus price target of $134.00.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.

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